Fintaxpro

New GST Scam with me 😡

New GST Scam of ITC | Reduce GST Mismatch Errors | IMS से GST Reconciliation का Step-by-Step Guide Sign up for free trial - https://tinyurl.com/Fintaxpro8👨🏻‍💻Combo Courses👉GST ITR TDS & TCS https://fintaxpro.in/Combo👉Mega Combo https://fintaxpro.in/A...

TAX AUDIT DUE DATE EXTENSION – Legitimate Demand Explained

TAX AUDIT DUE DATE EXTENSION – Legitimate Demand Explained Sign up on suvit for free trial :- https://tinyurl.com/Fintaxpro6In this video, we explain why the current Tax Audit (TAR) deadline is practically impossibl...

🚀 suvit.io – The Ultimate Accounting Automation Tool for CAs & Accountants!

💼 Tired of manual data entry, endless client follow-ups, and compliance stress? It’s time to switch to suvit.io – India’s smartest AI-powered accounting automation software!

✅ Why Choose Suvit?
🏦 Bank PDF to Tally in Just a Few Clicks! – Convert your bank statements to Tally entries instantly, eliminating manual work!
📊 Tally Integration – Sync your data seamlessly and reduce errors.
📂 Bulk Data Processing – Upload and process thousands of transactions effortlessly.
📈 Smart Reports & Insights – Generate financial reports instantly for better decision-making.
⚡️ OCR-Powered AI – Scan and digitize invoices with 99% accuracy.
📲 Auto Reminders via WhatsApp – Set automatic payment & compliance reminders for clients, saving you time!
📥 Hassle-Free Data Collection – Collect documents from clients easily with suvit.io streamlined system.

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Regards,
Team FinTaxPro

Capital Gain computation on Land & Building after Finance Act,2024 Part 2 amendment with indexation

Capital Gain computation on Land & Building after Finance Act,2024 Part 2 amendment with indexation On July 23, 2024, the finance minister announced a significant amendment to the Income Tax Act, which has since become a subject of widespread debate. The am...

Major GST updates in Budget 2024

Major GST updates in Budget 2024 All GST updates in Budget 2024👨🏻‍🎓Practical Courses-👉🏻ITR, GST & TDS (Tax Combo) - https://fintaxpro.in/Combo👉🏻Account Finalization - https://fintaxpr...

Budget 2024 Key Updates

Budget 2024 Key Updates | Tax rate increase on share market income | Slab Rate Changed Budget 2024 Key Updates | Tax rate increase on share market income | Slab Rate Changed 👨🏻‍🎓Practical Courses-👉🏻ITR, GST & TDS (Tax Combo) - https://fint...

Tune in to FinTaxPro Youtube channel for Live Budget 2024 by Finance Minister Nirmala Sitharama from 11am onward

https://www.youtube.com/

Regards,
Team FinTaxPro

ITR Due Date Extension से जुड़ी बड़ी Update

ITR Due Date Extension से जुड़ी बड़ी Update Recently sandesh news claimed extension in ITR due date and as per the report available on https://sandesh.com/epaper/ahmedabad?date=2024-07-22 due date of I...

ITR Filing for Zerodha for AY 2024-25

ITR Filing for Zerodha for AY 2024-25 @zerodhaonline @varsitybyzerodha In this session we will discuss ITR filing of share market transactions through Zerodha for AY 2024-25📞For ITR Filing services call us at 7048930220 or 9718...

🚨 New Tax Regime vs Old Tax Regime 🚨

🔍 CONDITIONS TO BE SATISFIED FOR OPTING NEW TAX REGIME 🔍

Opt for lower tax rates only if you skip claiming these exemptions/deductions:

1️⃣ Leave Travel Concession [Section 10(5)] 🚗
2️⃣ House Rent Allowance [Section 10(13A)] 🏠
3️⃣ Official/Personal Allowances [Section 10(14)] 💼
4️⃣ Allowances to MPs/MLAs [Section 10(17)] 🏛️
5️⃣ Allowances for income of minor [Section 10(32)] 👶 6️⃣ SEZ Units Deduction [Section 10AA] 🌍
7️⃣ Entertainment Allowance [Section 16(ii)] 🎭
8️⃣ Professional Tax [Section 16(iii)] 📑
9️⃣ Interest on housing loan (Self Occupied) [Section 24(b)] 🏡
🔟 Additional Depreciation [Section 32(1)(iia)] 🏭 1️⃣1️⃣ Investment in notified backward areas [Section 32AD] 🏗️
1️⃣2️⃣ Tea, coffee, or rubber business [Section 33AB] ☕
1️⃣3️⃣ Petroleum/natural gas business [Section 33ABA] ⛽
1️⃣4️⃣ Donation to scientific research [Section 35(1)(ii)] 🧪
1️⃣5️⃣ Payment to Indian company for research [Section 35(1)(iia)] 🏢
1️⃣6️⃣ Donation for social/statistical research [Section 35(1)(iii)] 📊
1️⃣7️⃣ Scientific research donation/expenditure [Section 35(2AA)] 🔬
1️⃣8️⃣ Specified business capital expenditure [Section 35AD] ❄️
1️⃣9️⃣ Agriculture extension project [Section 35CCC] 🌾
2️⃣0️⃣ Family Pension [Section 57(iia)] 👪 [AY 2024-25]
2️⃣1️⃣ Contributions under Section 80JJAA, 80CCD(2), 80CCH(2) & 80LA for IFSC units 🏢

🔔 Important Note: Standard deduction is available from AY 2024-25 in the new tax regime!

🧾 Total income is computed after claiming depreciation (excluding additional depreciation) & without adjusting brought forward losses/depreciation from previous years.

🏠 Loss under house property can’t be set off against other income heads. Such losses & depreciation will not be carried forward.

📢 Webinar Alert! 📢

Get ready for a FREE Live Webinar on ITR Filing in case of Intraday and F&O Loss for AY 2024-25!

📅 Date: Today, Saturday, 1 June 2024
🕗 Time: 8 PM (1 hour)
📍 Link - https://youtu.be/3loQASxiYzQ
🎤 Speaker: Vivek Awasthi, Founder of FintaxPro

Topics Covered:
1. Zerodha PnL Analysis
2. Tax Audit applicability in case of F&O loss
3. Set off and carry forward of losses in income tax
4. Income Tax computation for F&O Loss
5. PnL Account for F&O Loss
6. Balance sheet for F&O Loss
7. Computation of Total Income
8. ITR Filing for AY 2024-25 F&O Loss

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See you there! 🚀